20170301_BSC_Vietnam Daily Review_EN_ A sharply shaken session

Highlights
Today’s session started to be in the bullish trend thanks to the strong rally of VJC, VCS, NVL, ROS although almost other stocks experienced a drop. VN- Index got a decrease at the end of morning session and closed at 709.52. The liquidity of three trading floors was at a high level, being worth 282 million shares traded (VND 3.338 billion). BCs (GAS, CTG, VNM) were the major contributors to the bearish trend of VN Index, making the index close at the lower level of reference price. Banking, Insurance, Utilities and Securities stocks got a considerable correction. Construction and Construction Materials group, for example: NVL, HBC, VCS,.. went up, restricting the decrease or the market indexes. Besides, Rubber stocks joined in the recovery, such as: DPR, PHR, TRC. Vietjet Air (VJC) maintained trading at the ceiling price with the today’s price of VND  115.500 whereas other aviation stocks showed the negative signs. At the end of the session, HPG went up, contributing 0.29 to the index because the firm’s BOD adjusted the plan for business performance in the year 2017, adding VND 1000 billion.

Market commentaries
Today, the market index corrected slightly, below the level of 710-point. Market liquidity increase lightly. After yesterday strong correction, the market continued fluctuating with a large margin of 5 index points. Cash flow of the market is invested into small and mid-cap stocks. Such a strong margin certainly increases the risky rate of the market. BSC estimates that the market would surely fluctuate around the 710-point level during tomorrow session. We recommend investors to limit their liquidation activities, maintain a high proportion of cash and acquire profits from strong bullish stock.